The Free Market 26, no. 9 (September 2005) I f you are like me, you love Austrian economics—the logic, the rigor, the explanatory power. But we all know that this is not the usual approach to economics taken at the university level. If you can’t attend the Mises University, where can you go to study the subject systematically? Over the summer, I
The Free Market 24, no. 4 (April 2006) Murray Newton Rothbard (1926–1995) was one of the most important thinkers of the twentieth century. I choose the somewhat vague term thinker because Rothbard’s interests were so diverse that they defy conventional classification. Yes, Rothbard was an economic theorist in the “Austrian” tradition of Ludwig
[This article is excerpted from chapter 16 of Human Action . Robert Murphy has written a study guide for this chapter, available in HTML and PDF . This article follows “Chapter XVI. Prices, Part 1.” ] Competitive prices are the outcome of a complete adjustment of the sellers to the demand of the consumers. Under the competitive price the whole
With all due deference to the libertarian credentials of Karol Boudreaux, this suggestion seems to be a bad one. I was alerted to this article by a post at Cafe Hayek . The idea is devoid of any individual (actual) property rights claims and this should be the first caution light. That Boudreaux suggests as her model the Alaska Permanent Fund is
Apparently the UK paper The Guardian was trying to promote a Kerry win. Some of the reactions by upset Americans are funny, and also somewhat ironic given the US approach of “regime
A discussion on a private email list brought up a familiar topic: When is it permissible for self-described anarchists (let’s restrict ourselves here to anarcho-capitalists) to take government money? This is a tricky question, and I have yet to see someone offer a satisfactory list of necessary and sufficient conditions. Usually when an-caps argue
Britain’s National Association of Pension Funds wants a Citizen’s Pension (the report is here ). Every UK resident over State Pension Age should get £105 a week from the State. Linked to average earnings, it would provide “adequacy, simplicity, inclusion, encouragement to save, efficiency, and certainty”. That’s really going some. Let’s start with
There’s no point in writing up another article on Larry Kudlow’s recent analysis of Bush’s proposed budget, since my points would be the same as the last time I did it. As before, there is the trick of removing big-ticket items in order to make the rate of growth of everything else low: Beyond this important threshold, Bush deserves credit for his
Virgin has cure for bad dates : With Valentine’s Day looming, a mobile phone company in Australia has come to the rescue with a service offering an escape from the date from hell. All a person has to do is discreetly dial three numbers and then hang up without saying a word. “Virgin Mobile will call them back a minute later with a perfect excuse
In contrast to all the platitudes about sacrifice, this general loves his job. What saddens me about this episode is not that he would say such things; no kidding plenty of the macho guys in the military think it’s fun to shoot people—look at the games in any arcade. No, what depresses me is that if this general had said, say, “I have never been
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
